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US v. China, Rounds 4&5

The US has indicated that two cases on TRIPS and distribution rights will be brought against China. Here are my two cents on the two cases: 1st case: According to TRIPS Article 61, Members must provide remedies for IPR violation, which shall include imprisonment and/or monetary fines sufficient to
Henry Gao 09 Apr 2007 1 min read

Gambling Compliance Report

All WTO gambling dispute reports are filled with perplexities and the latest one, the Article 21.5 in US - Gambling dated 30 March, contains many. One that I will call the trade community's attention to comes in para. 5.9 wherein the panel laments the pre-publication of
Charnovitz 08 Apr 2007 1 min read

How Do You Envision the Future of the Trade Regime?

In June 2003, WTO Director-General Supachai Panitchpakdi organized a Consultative Board of eight eminent persons to study institutional challenges facing the WTO and to consider how best to meet those challenges. The resulting report generated a flurry of academic commentary (see here and here); whether it will have a
dunoffj 05 Apr 2007 1 min read

The Problem of Subsidies

There have been a lot of news reports regarding the decision by the Department of Commerce to change gears and apply countervailing duties to non-market economies like China (on certain paper imports right now, but possibly many new products in the future).  There are a number of specific legal
Simon Lester 05 Apr 2007 1 min read

Pallets and Standards

This article in the current issue of The World Economy looks interesting: How Do Differing Standards Increase Trade Costs? The Case of Pallets * Gaël Raballand 11The World Bank and * Enrique Aldaz-Carroll 11The World Bank * 1The World Bank Abstract The pallet is a platform used for storing, handling and transporting
Joel Trachtman 03 Apr 2007 1 min read

KORUS FTA

Korea and the U.S. have agreed to an FTA.  Ben Muse has a useful post here detailing the history of the negotiations.  USTR's press release about the agreement is here. Based on news reports, key issues in the negotiations were resolved as follows.  From the AP: South
Simon Lester 02 Apr 2007 1 min read

Unfairness in International Trade: An Elephant Easy to Recognize but Hard to Define?

Joan Robinson, criticizing false rigor, was fond of saying that "an elephant is hard to define but easy to recognize! " I wonder if this metaphor applies to the issue of "unfairness" in international trade. I say that because I have noticed that many recent posts on
Marc Benitah 02 Apr 2007 1 min read

Fears about Offshoring

Greg Mankiw is famous (infamous?) for his statements about offshoring back in 2004, when he was Chair of the White House Council of Economic Advisors.  At the time, he said: the "offshoring" of U.S. service jobs is only "the latest manifestation of the gains from trade
Simon Lester 28 Mar 2007 2 min read

Korea Investment and Trade

Today's FT reports that the U.S.-Korea FTA may be held up because of unsatisfactory investment protection provisions: Against a backdrop of rising economic nationalism, the state audit board has called for the purchase [of Korea Exchange Bank by Lone Star, a U.S. company] to be
Joel Trachtman 28 Mar 2007 1 min read

7th BIICL WTO Conference: 22-23 May

The Seventh Annual BIICL WTO Conference is coming up on 22-23 May 2007, in London.  It's a great group of participants as always.  The topics are: 1. The GMOs Dispute 2. Compliance and Remedies: Articles 21.5 and 22 DSU 3. Dispute Settlement under FTAs and the
Simon Lester 25 Mar 2007 1 min read

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